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    659 Miller Ave Brooklyn, NY 11207

    For Sale
    $1,200,000

    Six-unit apartment building, excellent investment.

    Property size:
    4,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional six-unit apartment building, located at 659 Miller Ave in Brooklyn, NY 11207, presents a compelling investment opportunity. The property boasts 4,920 square feet spread across three floors, situated on a 2,660 square foot lot (approximately 28' x 95'). The building comprises five two-bedroom apartments and one one-bedroom apartment, offering a diverse unit mix. Recent upgrades include a new boiler (installed within the last year) and a recently renovated roof, minimizing immediate maintenance concerns. Adding to its appeal, the property features a shared driveway, a garage, and a spacious walk-out basement. The asking price is $1,200,000, translating to $200,000 per unit and $243.90 per square foot. All DHCRs are current. Conveniently located within a three-minute walk of multiple subway lines (2, 3, 4, and 5), the building benefits from proximity to a variety of shops and restaurants. Seller financing is available, and the price is negotiable. This property is ideally suited for an investor seeking strong potential for appreciation. The building's dimensions are approximately 20.5' x 80'.

    Property Features for 659 Miller Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,920 SF

    Building Details

    Year Built
    1925
    Stories
    3
    Units
    6

    HighLights

    • $1,200,000 asking price for a stabilized multifamily investment.
    • Six‑unit apartment building in Brooklyn, NY.
    • 4,920 square feet on a 2,660 square foot lot.
    • Five 2‑bedroom and one 1‑bedroom units.
    • Recent roof renovation and one‑year‑old boiler.
    • Shared driveway, garage, and large walk‑out basement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.8888638
    Latitude
    40.6644564

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit apartment building, excellent investment.
    Where is this multifamily property located?
    The property is located at 659 Miller Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a stabilized multifamily investment.; Six-unit apartment building in Brooklyn, NY.; 4,920 square feet on a 2,660 square foot lot.
    Request Owner's contact information
    659 Miller Ave Brooklyn, NY 11207
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    Brooklyn, NY 11207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    659 Miller Ave Brooklyn, NY 11207
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